The U.S. Securities and Exchange Commission (SEC) faces upcoming deadlines related to Bitcoin exchange-traded funds (ETFs). Several investment firms, including VanEck and WisdomTree, have applied for Bitcoin ETFs, and the SEC has delayed its decisions on these proposals multiple times. The current deadline for VanEck’s proposal is June 17, while WisdomTree’s proposal has a deadline of July 13. The approval of a Bitcoin ETF could potentially make it easier for institutional investors to gain exposure to cryptocurrencies. However, the SEC has expressed concerns about market manipulation and investor protection in the crypto space..
The journey to a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely coming this week as crypto faithful await to see how things play out this time.
The US Securities and Exchange Commission is expected to respond to filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco right before the Labor-Day weekend, according to Bloomberg Intelligence. Regulators can reject, approve or delay. Bitwise’s application is set for consideration by Friday, with the others due the following day, making it likely the SEC will weigh in before the weekend.
This week, the US Securities and Exchange Commission is expected to make important decisions regarding the approval of Bitcoin exchange-traded funds (ETFs) from Bitwise, BlackRock, VanEck, WisdomTree, and Invesco. The SEC can either approve, reject, or delay these applications. Bitwise’s application is set for consideration on Friday, while the others will be reviewed the following day, making it likely that the SEC will announce their decision before the Labor-Day weekend. This is an eagerly awaited development by the cryptocurrency community, as it could potentially pave the way for broader adoption of Bitcoin.
Hashtags: #Bitcoin #BTC #ETF #Deadlines #Loom #SEC
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